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Loan Modification Resources

Industry Resources

US Department of Housing and Urban Development
http://www.hud.gov/offices/hsg/sfh/nsc/faqlm.cfm

Federal Deposit Insurance Corportation (FDIC) – Indymac Mortgage Loans
http://www.fdic.gov/consumers/loans/modification/indymac.html

Federal Deposit Insurance Corporation – the Case For Loan Modification:
http://www.fdic.gov/bank/analytical/quarterly/2007_vol1_3/2007_Quarterly_Vol1No3.html

Federal Deposit Insurance Corporation – Quarterly Banking Profile:
http://www2.fdic.gov/qbp/2007sep/qbp.pdf

FDIC’s Blair: Home Loan Modification Plan in the Works:
http://www.usatoday.com/money/economy/housing/2008-10-23-home-loan-modification_N.htm

Remarks on a Streamlined Modification Program:
http://www.treas.gov/press/releases/hp1264.htm

Federal Housing Finance Agency Director:
http://www.fhfa.gov/GetFile.aspx?FileID=169

eFannieMae.com – Streamlined Modification Program Info
https://www.efanniemae.com/sf/servicing/smp/index.jsp

Hope Now – Support and Guidance for Homeowners
http://www.hopenow.com/upload/press_release/files/SMP%20Release%20Final.pdf

Fannie and Freddie Offer New Plan to Help Homeowners
http://www.time.com/time/business/article/0,8599,1858340,00.html

Fannie Mae Streamlined Modification Program (SMP) Now Available to Borrowers
http://www.fanniemae.com/newsreleases/2008/4557.jhtml?p=Media&s=News+Releases

Fannie Mae Provides New Servicer Flexibility to Help Borrowers Avoid Foreclosure
http://www.fanniemae.com/newsreleases/2008/4547.jhtml

Montgomery, Brian D., Assistant Secretary for Housing-Federal Housing Commissioner. (2008, October 1). “Mortgagee Letter – Hope for Homeowners Service Guidelines”.
http://portal.hud.gov/pls/portal/docs/PAGE/FHA_HOME/LENDERS/MORTGAGEE_LETTERS/2008_MORTGAGEE_LETTERS/ML-H4H%20SERVICING%20GUIDANCE%209-30-08%20-FINAL.DOC

Bucholz, David. Federal Reserve System: Hope for Homeowners –Examples of How Equity and Appreciation are Shared.
http://portal.hud.gov/pls/portal/docs/PAGE/FHA_HOME/CONSUMERS/EXAMPLES_OF_HOW_EQUITY_AND_APPRECIATION_ARE_SHARED/H4H%20EXAMPLES%20OF%20HOW%20EQUITY%20AND%20APPRECIATION%20ARE%20SHARED.DOC

Federal Housing Administration “Hope for Homeowners”
http://portal.hud.gov/portal/page?_pageid=73,7601299&_dad=portal&_schema=PORTAL

U.S. Department of Housing and Urban Development. Loan Modification Option.
http://www.hud.gov/offices/hsg/sfh/nsc/rep/lmfact.pdf

House Financial Services Committee. Congressman Barney “Frank Introduces TARP Reform and Accountability Legislation.
http://www.house.gov/apps/list/press/financialsvcs_dem/press0109093.shtml

House of Representatives: A Bill to Reform the Troubled Assets Relief Program of the Secretary Of the Treasury and ensure accountability under such program.
http://www.house.gov/apps/list/press/financialsvcs_dem/hr384.pdf

Jackson, Paul. GSE Loan Modification Plan Generates Questions, Concern”.
http://www.housingwire.com/2008/11/11/fannie-freddie-unveil-streamlined-modification-plan/

Loan Modification Companies”. About.com. Retrieved January 15, 2009, from http://financecareers.about.com/od/retailbanks/a/loanmodify.htm

Federal National Mortgage Association “Fannie Mae”., Issuer, Master Servicer, Guarantor and Trustee. (2009, January 1). “2009 Single-Family Master Trust Agreement”.
http://www.fanniemae.com/mbs/pdf/singlefamilytrustagreement_January2009.pdf

TART Loopholes
http://in.reuters.com/article/privateEquity/idINN0948652720090109

A CBO Report: The Troubled Asset Relief Program: Report on Transactions Through December 31, 2008. Downloaded January 20, 2009:
http://www.cbo.gov/ftpdocs/99xx/doc9961/01-16-TARP.pdf

University of Iowa Center For International Finance And Development – Article on Economic Stabilization: | http://www.uiowa.edu/ifdebook/issues/bailouts/eesa.shtml

United States Senate: Summary of the Emergency Economic Stabilization Act of 2008:
http://banking.senate.gov/public/_files/latestversionEESASummary.pdf

AFP: Economic Rescue swiftly signed into law:
http://afp.google.com/article/ALeqM5h40yrrEcqeJEeVRgcrDXB7egDo2A

How the Bailout is Like a Hedge Fund:
http://www.slate.com/id/2201340/

Treasury Announces TART Capital Purchase Program Description:
http://www.treas.gov/press/releases/hp1207.htm

Drama Behind a $250 Billion Banking Deal:
http://www.nytimes.com/2008/10/15/business/economy/15bailout.html?_r=1&hp

Common Sense about Risk-Shifting and Bank Bailouts:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1321666

Debt Overhang and Bank Bailouts:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1336288

Remarks by Secretary Henry Paulson on Financial Rescue Package and Economic Update:
http://www.treas.gov/press/releases/hp1265.htm

Paulson Shifts Focus of Rescue to Consumer Lending:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aoD4QebIb_Fo&refer=home

Senate Votes to Ban Executive Bonuses:
http://uk.reuters.com/article/marketsNewsUS/idUKN0540541220090206

Market Pans Bank Rescue Plan:
http://online.wsj.com/article/SB123427167262568141.html

A Bad Bank Won’t Save Banks:
http://www.businessinsider.com/2009/1/meredith-whitney-a-bad-bank-wont-save-us

Treasury Update on Implementing TARP:
http://www.accountability-central.com/single-view-default/article/treasury-update-on-implementation-of-troubled-asset-relief-program-tarp-before-institute-of-intern/?tx_ttnews

Intervention is Bold, but Has a Basis in History:
http://www.nytimes.com/2008/10/14/business/economy/14nationalize.html

Bailed out Bank of America Sponsors Super Bowl Fun Fest:
http://www.abcnews.go.com/Blotter/story?id=6782719&page=1

Goldman, JPMOrgan Won’t Feel Effects of Executive Salary Caps:
http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=azVLk.22AkLI

Congress Trumps Obama by Cuffing Bonuses for CEOs:
http://www.washingtonpost.com/wp-dyn/content/article/2009/02/13/AR2009021303288.html?hpid=topnews

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Loan Modification Can Work For You

It is a remarkable situation that we as a country find ourselves in today when family homes are being foreclosed on with a scope and scale never before seen. Clearly the current U.S. recession and worldwide economic crisis is much to blame for this scenario. One might think that there might be no glimmer of hope in sight, and that banks might act too quickly nowadays to foreclose on homes if the borrower begins to fall behind on their monthly mortgage payments. But such is not the case.

The fact is that most people facing the prospect of foreclosure can stop the process in its tracks and... (READ MORE)

Stop Foreclosure With A Loan Modification

There are many alternatives to foreclosure, but many people are unaware that they exist. If you are among the millions of homeowners struggling to pay their mortgage or if you are already in foreclosure, you need to know that you have an alternative. You could try to sell your home in a market where no one is buying, or you could attempt to get a refinance loan, but those options leave a slim chance for success. The best option is for you to take advantage of the qualified professionals that work in the mortgage loan modification industry and see how they can help you lower your payments or in... (READ MORE)
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